Shares of Cooper Tire & Rubber Co. (NYSE:CTB) gapped up before the market opened on Wednesday . The stock had previously closed at $32.34, but opened at $32.39. Cooper Tire & Rubber Co. shares last traded at $33.00, with a volume of 400,435 shares traded.

CTB has been the topic of several analyst reports. KeyCorp raised Cooper Tire & Rubber Co. from a “sector weight” rating to an “overweight” rating and set a $43.00 target price on the stock in a report on Thursday, April 7th. Zacks Investment Research lowered Cooper Tire & Rubber Co. from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 26th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $47.00 price objective (up from $44.00) on shares of Cooper Tire & Rubber Co. in a research note on Monday, May 2nd. Jefferies Group reaffirmed a “hold” rating and issued a $37.00 price objective (down from $41.00) on shares of Cooper Tire & Rubber Co. in a research note on Monday, May 2nd. Finally, Goldman Sachs Group Inc. reaffirmed a “hold” rating and issued a $38.00 price objective (down from $39.00) on shares of Cooper Tire & Rubber Co. in a research note on Tuesday, May 3rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. Cooper Tire & Rubber Co. has a consensus rating of “Hold” and an average price target of $39.50.

The company’s 50 day moving average price is $30.74 and its 200 day moving average price is $34.29. The stock has a market cap of $1.81 billion and a PE ratio of 8.08.

Cooper Tire & Rubber Co. (NYSE:CTB) last issued its earnings results on Friday, April 29th. The company reported $1.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.97 by $0.08. The firm earned $650 million during the quarter, compared to the consensus estimate of $673.18 million. During the same quarter in the previous year, the firm earned $0.69 earnings per share. The business’s quarterly revenue was down 2.0% compared to the same quarter last year. On average, equities research analysts anticipate that Cooper Tire & Rubber Co. will post $4.03 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, June 30th. Shareholders of record on Thursday, June 2nd were paid a $0.105 dividend. The ex-dividend date of this dividend was Tuesday, May 31st. This represents a $0.42 annualized dividend and a dividend yield of 1.28%.

Several hedge funds recently added to or reduced their stakes in CTB. KBC Group NV raised its stake in Cooper Tire & Rubber Co. by 33.7% in the fourth quarter. KBC Group NV now owns 60,677 shares of the company’s stock worth $2,297,000 after buying an additional 15,280 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Cooper Tire & Rubber Co. by 3.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,020,937 shares of the company’s stock worth $76,495,000 after buying an additional 66,146 shares during the last quarter. WBI Investments Inc. bought a new stake in Cooper Tire & Rubber Co. during the fourth quarter worth about $4,232,000. Marshall Wace LLP bought a new stake in Cooper Tire & Rubber Co. during the fourth quarter worth about $2,320,000. Finally, Victory Capital Management Inc. raised its stake in Cooper Tire & Rubber Co. by 24.3% in the fourth quarter. Victory Capital Management Inc. now owns 704,259 shares of the company’s stock worth $26,656,000 after buying an additional 137,643 shares during the last quarter.

Cooper Tire & Rubber Company (Cooper) is a manufacturer and marketer of replacement tires. The Company specializes in the design, manufacture, marketing and sales of passenger car and light truck tires. Cooper and its subsidiaries sell medium truck, motorcycle and racing tires. It has four business segments: North America, composed of its operations in the United States and Canada; Latin America, composed of its operations in Mexico, Central America and South America; Europe, and Asia.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.